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Production dropped to 19.8 million tons in the nine months to September from 25.97 million tonnes a year ago, according to the data. [13] According to Finance Secretary Carlos Dominguez, the "Philippine economy is delivering the performance we anticipated, notwithstanding the political noise and a significant terrorist event in Mindanao".
The MIF is expected to generate returns that support the government's economic goals, as outlined in the Medium-Term Fiscal Framework, the eight-point Socioeconomic Agenda, and the Philippine Development Plan. MIF Act of 2023 signing
AmBisyon Natin 2040 (literally "Our Ambition 2040") is the twenty-five-year long term vision developed by the Philippine government as a guide for development planning. [1] [2] It is designed to overcome the challenges brought by the Philippines' current political system, which is bound to the limits of the country's six-year presidential terms. [3]
Bagong Pilipinas was officially launched with a kick-off rally on January 28, 2024, at the Quirino Grandstand in Manila, the capital of the Philippines. It was attended by about 400,000 supporters with the participation of Vice President Sara Duterte , other key Malacañang officials, and Manila Mayor Honey Lacuna .
The Philippines 2000 program would be succeeded by other socio-economic programs: Angat Pinoy 2004, instituted by Joseph Estrada, the ten-point Strong Republic agenda instituted by Gloria Macapagal Arroyo, Daang Matuwid agenda instituted by Benigno Aquino III, DuterteNomics agenda instituted by Rodrigo Duterte, and Bagong Pilipinas agenda instituted by Bongbong Marcos
On June 13, 2024, Marcos, Jr. signed into law, R.A. 12001, the 'Real Property Valuation and Assessment Reform Act', part of Legislative-Executive Development Advisory Council and his 8-Point Socioeconomic Agenda.
Marcos ran for president on a campaign platform centered on national unity and continuity of the policies of Rodrigo Duterte, his predecessor. [20] [21] He won the 2022 elections, receiving 31,629,783 (58.77%) votes out of a total of 56,097,722, beating his closest rival, Liberal Party member and Vice President Leni Robredo by over 15 million votes.
[8] [9]: 80 This title gives the president several emergency military powers, [1]: 266–267 such as the ability to suspend habeas corpus and declare martial law, [10]: 234 although these powers automatically end after 60 days unless extended by Congress, [11] and can be reviewed by the Supreme Court.